Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter reve...
) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.
Revenue growth in Azure was 64% in the fiscal fourth quarter ended June 30, compared with 89% a year earlier and 73% in the prior quarter. Microsoft does not provide an absolute revenue figure for Azure, blending it into its “intelligent cloud unit,” which had revenue of $11.4 billion compared with analyst expectations of $11.0 billion, according to Refinitiv data.
“The pressure was obviously on but they executed,” said Hal Eddins, chief economist for Microsoft shareholder Capital Investment Counsel. “The cloud is such a key driver of growth for them and they seem to have painted a big bullseye on the back of AWS.” Microsoft has tried to set itself apart from AWS by combining its traditional software that runs in a customer’s own data center with its Azure products, a strategy that Chris Voce, analyst at Forrester, said helped power the company’s results.
Meanwhile, its personal computing division, home to Windows software, rose to $11.3 billion, compared with analyst estimates of $10.98 billion. The unit also includes Xbox gaming consoles, the Bing online search service and Surface laptops.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Microsoft sales beat expectations as cloud growth slowsMicrosoft Corp beat analysts' estimates for fourth-quarter revenue and prof...
Leer más »
Sony Corp. Restructures Music Division, Brings Recorded Music, Sony/ATV Publishing Together Under Rob StringerSony Corp. is putting both Sony Music Entertainment and Sony/ATV Music Publishing under the new umbrella of Sony Music Group, which will be helmed by Rob Stringer, who will take on the role of chairman.
Leer más »
Microsoft earnings jump nearly 50% to destroy expectations, stock heads higherMicrosoft Corp. wrapped up a second consecutive fiscal year of strong growth with a blowout quarterly report Thursday, moving higher from its trillion-dollar...
Leer más »
Bank of America trims net interest income guidanceBank of America Corp lowered its annual net interest income guidance on Wednesda...
Leer más »
Bank of America profit beats as healthy economy fuels loan growthBank of America Corp beat estimates for quarterly profit on Wednesday, as the Un...
Leer más »
Toyota, China's CATL in partnership for new energy vehicle batteriesToyota Motor Corp has agreed to partner with China's Contemporary ...
Leer más »